The news will bring two job changes
RSA UK & International has merged its commercial risk solutions (CRS) and global risk solutions (GRS) businesses to create a singular commercial lines business unit.
This merger will create a unified division with oversight of all commercial risks written through the broker market or delegated authorities, with the aim of simplifying processes for customers and brokers and therefore reducing any duplication.
It will see Rob Gibbs, currently the managing director of CRS, take up the role of managing director, RSA Commercial Lines with immediate effect. Gibbs’ appointment is subject to regulatory approval. As well as Tony Buckle who is currently managing director of GRS leave RSA after a handover period.
Scott Egan, chief executive of RSA UK and International, said: “We’ve made a number of changes to our UK business over the past 12 months. The creation of single commercial lines business reflects our intent to be a more customer focused, simpler organisation.”
The merger of the commercial division comes after RSA significantly reduced its London Market and specialty risk portfolios.
Last month Stephen Hester, RSA’s chief executive said that the remaining London commercial business will remain under careful review.
As it stands
Currently RSA’s UK & International commercial division operates as two separate businesses – CRS, which focuses on UK domestic risks and delegated market authorities and GRS which looks at handling multinational corporate clients, specialty business written via the London Market and RSA’s European branches.
Speaking about the staff moves, Egan added: “Rob is an experienced leader with a fantastic track record of delivery and a deep understanding of the commercial insurance market.
”I’m delighted he will be taking on this role. Sincere thanks are due to Tony for the hard work he has put into both serving our customers and brokers and reshaping the GRS business since he joined us in 2018.”
Gibbs said that he was “looking forward to building on those strong foundations to deliver even better customer and shareholder value”.
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